Tag Archives: central bank

Icelanders are a proud stubborn people with more than 1200 years of history, rugged Scandinavian stock, living in one of the most beautiful natural areas of our Earth. In 2001 her government made a colossal series of disastrous decisions that resulted in the worst banking crisis in history.

BRICS decision to abandon the US dollar in favor of their local currencies, and the establishment of its own gold exchange based in Singapore late last year have started to show effects on the financial integrity of the European economy.

Siding with the Nazis these days really has its share of “bad luck”. Ukraine Central Bank just found out it has no gold reserves anymore.

Adding to there woes is an airbase crew report that on July 17 three Ukrainian combat jets took off, and that one of them, an Su-25, was carrying air-to-air missiles.

“After a while only one jet [of the three] returned, which had had those missiles… It returned without the missiles. The pilot was very frightened,” the man said. The employee stressed that only the returned Su-25 had been equipped with air-to-air missiles, and said he was sure it was not air-to-ground missiles.

Everybody with sovereign wealth substantial enough to dictate the global economic direction are making their voices heard, and their action felt.

China and Russia spearheading the establishment of a World Bank of Hard Currencies, e.g. gold, is now being joined by Saudi Arabia which might replicate what Iran has been currently doing in the energy market.